Ero Copper ( (TSE:ERO) ) just unveiled an announcement.
Ero Copper Corp announced on March 31, 2025, that it has extended its Precious Metals Purchase Agreement with Royal Gold by an additional $50 million, bringing total proceeds from the Xavantina streaming agreements to $160 million since 2021. This extension, known as the Stream Supplement, will support ongoing growth and asset integrity investment programs at the Xavantina Operations in Brazil. The agreement includes expanded gold delivery thresholds and an increased area of influence, with additional gold deliveries expected to begin in 2028. This strategic move aims to enhance the company’s growth prospects and long-term value creation, leveraging the increased mineral reserves and resources at Xavantina.
More about Ero Copper
Ero Copper Corp is a high-margin, high-growth copper producer with operations in Brazil and corporate headquarters in Vancouver, B.C. The company primarily operates through its 99.6% interest in Mineração Caraíba S.A., which owns the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State, Brazil. Ero Copper also holds a 97.6% interest in NX Gold S.A., which operates the Xavantina gold and silver mine in Mato Grosso State, Brazil. The company is publicly traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol ‘ERO’.
YTD Price Performance: -10.92%
Average Trading Volume: 499,003
Technical Sentiment Signal: Buy
Current Market Cap: $1.27B
See more insights into ERO stock on TipRanks’ Stock Analysis page.